1  On 5 March 2010, Raj Arjandas Bhojwani was convicted before the Royal Court on three counts of money laundering contrary to Art 34(1)(b) of the Proceeds of Crime (Jersey) Law 1999 (“the 1999 Law”). On 25 June 2010, he was sentenced by the Superior Number of the Royal Court to six years imprisonment on […]

British police have made the biggest seizure of cash in the country’s history as part of a global money laundering bust. A specialist group of officers known as the Fraud Squad seized £30 million ($43 million) in money orders when they arrested a 58-year old man this week. Money orders can be easily converted into […]

Spanish police have arrested former top banker Mario Conde on suspicion of money laundering. Media reports say Mr Conde, 67, and six other people were arrested over the charges, including his two children. Mr Conde was previously jailed for embezzlement committed when he was chairman of the Banesto bank. The latest charges relate to an […]

Although the following story is old, it’s just does show how easy it is to become a money launderer if you don’t ask questions!!!! Jonathan Krestin (60), the managing partner at Butcher Burns, a commercial and property firm of solicitors, was yesterday fined £5,000 on one count of money-laundering at Isleworth Crown Court. He was […]

CASE 1 It has been reported that Bloomberg reported = Swiss prosecutors have charged an ex-Credit Suisse wealth manager with fraud, misappropriation and criminal mismanagement, Reuters said = The bank also faces a money laundering probe in Italy, Wall Street Journal, Financial Times and Georgia Today = Prosecutors cannot release the wealth manager’s name under […]

On March 17, 2016, James Campbell Sutherland and Jack William Flader were found not guilty of money laundering by a jury at Southwark Crown Court. The nine week trial was the last in a series of three “boiler room fraud” trials. The trial opened on January 14, 2016, following an investigation which commenced in 2007. […]

British government efforts to crack down on money laundering and fraud through UK businesses are failing to tackle a key area – the role of company formation agents – a Reuters study of the sector shows. http://reut.rs/1RcVhGJ Some formation agents, who typically offer to create new businesses for fees of about £200 or less, fail […]

MADRID (AP) — The tiny European state of Andorra says a study shows one of its banks had 923 accounts suspected of money laundering, a finding the bank’s principal shareholders have blasted as false and misleading. Andorran authorities seized Banca Privada d’Andorra last year after it was accused by the U.S. of helping groups from […]